USDCHF Movement
On Friday, the USD rose 0.13% against the CHF and closed at 0.8945.
In the Asian session, at GMT0300, the pair is trading at 0.8955, with the USD trading 0.11% higher from Friday’s close.
The pair is expected to find support at 0.8938, and a fall through could take it to the next support level of 0.8920. The pair is expected to find its first resistance at 0.8965, and a rise through could take it to the next resistance level of 0.8974.
The release of the foreign currency reserves in Switzerland for June, due later in the day, would provide insights on the nation’s currency market operations. Another important release today, that the investors would also pay attention, is the unemployment rate of the country for the month of June.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
